all cash purchase

**mostpop** · 11-29-2009, 09:50 PM

I am trying to buy a house the house was listed at 190 and it went to escrow at 210k, it fell out of escrow

becasue of some title problem the neighbor said they can park their cars in the park space and it was on the

title. i

1. what exactly should i do to protect the house , the seller agent says that i own the land but the neighbor has

the right to park there and they said its on title thats why it fell out of escrow. but maybe there could be more

issues they are not telling me.. could i just buy title insurnace and all of this will be fixed?
1B. what should i watch out for?
2. the house was listed at 190 and went to escrow at 210, what should i offer to get this house... it fell out of

escrow should i offer 170 and they will counter with something more? what should i offer?
3. it is a foreclosed property, i want to do an all cash purchase but the seller agent is asking for 19k in down

payment, if i am doing an all cash purchase why do i need to pay 19k in down payment?
4. if i offer 190 but i only have 150, do you think they would be willing to give me a loan for the other 40 it

isnt that much but my credit isnt that high its at 600.
5. what exactly is the process if i am doing an all cash purcahse? i sign a contract, with or without a

downpayment and than what.. waht is next?
6. if i have the money say in a matress should i put it in a savings account what is the difference between

putting the money in a saving account and a checking account does it matter?
7. this is my first purchase is there anything else i should watch out for?

**Sabir** · 12-02-2009, 10:14 PM

Nice tips regarding property & real estate business thanks for sharing this valuable information with us. Property & real estate portals are the best way to find property related information.

**Greg** · 12-03-2009, 05:47 AM

It sounds like you need to get a good buyers agent (who doesn't charge) and stop talking to the listing agents. They work for the seller and will try to get the best deal for the seller.

Talk to a LOCAL lender and see what kind of financing you can get.

Look for another house. If this house has title problems then you will have a hard time selling it, and everyone sells their house eventually. If you insist on going after this house then offer $150K because it has title problems. Don't give the listing agent $19,000. If they won't take a couple of thousand then walk away. Remember, it is a buyer's market.

**Greg** · 12-03-2009, 05:52 AM

Originally Posted by Sabir

Property & real estate portals are the best way to find property related information.

This IS a property and real estate portal which is why they came here looking for answers. If you don't have an answer please save us from having to read your crappy spam response.